An interesting theory about ­favouritism towards Chinese interests in the tanker freight and ­insurance markets amid tensions in the Middle East has failed to pan out.

Some analysts had suggested that China-flagged and Chinese-­owned tankers could be favoured in the Middle Eastern trade, with the recent tanker incidents in the Middle East Gulf seen as part of the wider geopolitical conflict between Iran and the West.

However, market parti­cipants told TradeWinds that such windfalls for vessels with Chinese backing have yet to emerge.